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Analysis

US Dollar – The Future of the US Dollar and a World in Debt (The Chicago Council on Global Affairs)

The Chicago Council on Global Affairs writes: With today’s global interconnectedness, geopolitical competition, unprecedented government spending, and money-printing to spur economic recovery, the US dollar is facing an uncertain future. Today’s reality calls back to a secret meeting at Camp David in 1971 when President Richard Nixon broke the link between the dollar and gold. This signaled the end of the Bretton Woods era of international economy and the beginning of American retrenchment in world affairs. Fifty-years later, former Undersecretary of Commerce Jeffrey Garten and New York Times columnist Thomas Friedman discuss the “Nixon Shock,” the impact it carries on today’s dollar, and the Biden administration’s future engagement with the world. 
go to The Chicago Council on Global Affairs: The Future of the US Dollar and a World in Debt | Chicago Council on Global Affairs (thechicagocouncil.org)
SPEAKERS
Jeffrey Garten, Thomas Friedman